Mark Douglas — Mind over market (interview)

Learning stock trading on the NYSE, Nasdaq, Amex
The translator: Welcome! Your attention is invited to the translation of an interview with mark Douglas, a trader with experience and professionals in the field of trading psychology, the author of "Zonal trading" and "the Disciplined trader", which, sure, many are familiar with.

Mark will tell us, why it is important to avoid in trading, something to strive for in psychological terms, and describe the human component of price movement. I wish you pleasant reading and a successful trading week!



Bitcoin ETF (bitcoin)


The appearance of the index Fund will instantly attract fans and even more investors and, the main thing, money. Tell, what is bitcoin-ETF, what are its advantages and how to make it.

Once Satoshi Nakamoto described the characteristic of the bitcoin cycle: the higher the interest in bitcoin, the more increases the price, provoking a new round of interest and so on. Now this cycle is interfered with wall street, and it literally pumps up bitcoin money.



The flag Pattern Is a Continuation of the explosive movement

We continue to publish material from the archives

Flag Patterns

  1. Explosive movement marked by the speed and dynamics of movement. Ie. When 20$ the stock moves up 70 cents and more, for 1-2 minutes.
  2. This setup can be traded as long, so in the short. Beginners should focus on long positions.
  3. This pattern usually develops, because out hot news. Therefore the market has little impact on this pattern.
  4. What's it like to this type of movement on the chart? On M1 chart you will see a large explosive vertical bar. The following 1-3 the bar will be significantly less.
  5. If, after the explosive movement the stock has a small pullback and begins to move in a small range in most cases, after this reveals, the action will go up.
  6. You should never enter a trade on the explosive vertical bar. Wait for that moment, when the action calms down and starts to consolidate. This will give you the best balance of risk to revord.
  7. This pattern indicates a strong upward momentum. Usually in this setup enter a market order for the offer, and leave the limit order is also on offer.
  8. Any flag and pennant end "LowerHigh". When trading this setup, you can easily fool yourself, confusing "LowerHigh" with another explosive movement.
  9. What do you expect from the next leg up? If the first explosive movement was 70C, you should expect at least 35S for the next explosive movement. But very often what happens is that the second movement is set to the first, or more.



Trust management (private trader)

I decided to write a small FAQ for investors who decided to invest in trust management to the private trader ie. I. For more details you can learn contacting me.

Trade is now conducted only on the US stock market(NYSE, NASDAQ, AMEX) shares and ETF within the day, no transfer of positions the next day.

The recommended amount: from 30 000$ (at least 10 000$)

Who opens the account: just for the investor. Add/withdraw funds you can only

Broker: recommend Interactive Brokers LLC for accounts more 30000$ (individually of the amount)

Duration: from 6 months

Withdrawal: individually(no more 1 times a month)

Yield: on average 3-10% per month (depends on the amount, shoulder broker, market conditions etc)

Risks: 5-10% the maximum total risk for the entire Deposit(but not less than 3 000$)

The distribution of profits: 50% on 50% (individually)



Earnings Season (season report) – 14 useful tips

Earnings Season

Continue to publish materials from the archive.

Earnings Season provides us with the most of the opportunities for conducting profitable trades. This is our final series of games. It's like opening a, repeating every day for six weeks and four times a year. Every day is a new. Every day is special. Every day – delicious. Every day gives a lot of possibilities. It's our favorite time to trade. Here are some suggestions for, to help you maximize these opportunities during this Earnings .

1) Spend a little more time for preparation

Read the briefing night and morning. You have it should become a daily habit. During Earnings Season , after Closing you need to read all the reports on the profits, and choose the most appropriate action. During Earnings Season training should take place in two stages:

  • training night
  • training in the morning

At night, you need to develop some trading ideas and fully prepare them – so, as if it were happening in the morning. You have to build a plan for each of these ideas. You need to be sure, you have excellent ideas and you know, as tomorrow will make the money.

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